As I write this, a single Nvidia RTX 3060 Ti graphics card is capable of much more than delivering a quality 1440p gaming experience. It’s also capable of earning you $4.22 USD in profit per day from mining cryptocurrency such as Ethereum.
That’s a big deal, because at $399 MSRP, a miner’s ROI (return on investment) for the RTX 3060 Ti is roughly 100 days.
Yep, it’s 2017 all over again as potential profits from GPU-powered mining reach record highs alongside a booming interest in Bitcoin. And PC gamers are not remotely impressed.
That’s because the existing scarcity of Nvidia’s (and AMD’s) current-gen graphics cards is exacerbated by unrelenting demand from miners — miners who typically buy in bulk. The result has been empty virtual and retail shelves, in addition to absurdly inflated pricing.
(On a very related note, Nvidia allegedly sold $175 Million worth of its RTX 30 series GPUs directly to miners in late 2020.)
Thankfully, two new crypto-specific products spotted by WCCFTech are allegedly being prepped to (hopefully) alleviate the problem.
Those products are “headless” GPUs from Nvidia board partner MSI: a GeForce RTX 3060 Ti MINER 8G as well as an overclocked version. The crucial difference between these cards and typical gaming cards advertised by Nvidia is that miner cards lack video outputs.
Miners rarely need displays attached to their systems. They usually plug multiple GPUs into a rig, boot into a custom Linux OS like NiceHash OS or HiveOS, and manage everything through a web dashboard.
Beyond that, cryptocurrency mining is all about compute performance. So even if certain components of a GPU like hardware video encoders come out defective during the binning process, it’s not a loss for the manufacturer.
Instead of trashing them, sell them to the miners.
It’s no surprise that MSI is considering this move. Nvidia itself is weighing the pros and cons of launching its own dedicated mining cards for the RTX 30 series.
Global interest in Ethereum has increased dramatically in the past 4 weeks following a meteoric rise in the value of Bitcoin, which tends to lift other cryptocurrencies in its wake.
How To Easily Earn Bitcoin With Your Gaming PC In 2021
GPU mining is profitable again. Time to get back in the game.
If companies like Nvidia, MSI and other GPU manufacturers such as Asus and Gigabyte can quickly bring crypto mining cards to market, they’re all but guaranteed to be eagerly swallowed up by small home operations and massive farms alike.
Then, maybe PC enthusiasts looking for the latest and greatest hardware will have a stronger chance at getting their game on.
But the clock is ticking on Ethereum mining. At some point in the not-too-distant future, it will move from Proof-of-work to Proof-of-stake, literally eliminating the need for Ethereum mining altogether.
That doesn’t mean another altcoin won’t rise up to take its place in the mining world, though.